Classification society RINA expects its recent move to take control of Italian engineering consultancy D’Appolonia to boost group turnover by almost 50% and significantly strengthen its expertise and range of services in the offshore and port development fields…
An ABS affiliate has entered into an agreement to acquire risk and asset management specialist Safetec Nordic, whose programs and services are expected to strengthen and expand those of ABS Consulting. ‘The integration of Safetec is directly…
The European Chapter of the Intervention & Coiled Tubing Association (ICoTA) recently presented is Innovation Award to Schlumberger Slickline’s global perforating and remedial services domain champion, Matthew Billingham, in recognition…
Wärtsilä will acquire marine oil & gas engineering firm Hamworthy in a £383 million cash deal. The merger ‘will allow both organisations to broaden and enhance their capabilities in rapidly evolving offshore and marine applications as well as environmental solutions markets…
Wood Group has launched a new company in Luanda in joint venture with its Angolan business partner Amílcar Nascimento. Wood Group Kianda, through which sister companies Mustang, Kenny and PSN will provide their services, kicks off with a contract…
With 2011 drawing to a close, it's time for OE to look afresh at the world's emerging hot spots. One of those generating the most interest, if not the most dollars yet, is also the coldest: the Arctic. Jennifer Pallanich asks a cross-section…
Despite a brief interruption post-Macondo, the rig newbuilding boom that started in 2005 is gathering momentum. Jennifer Pallanich talks to IHS about the latest trends in the drilling contractor market.One of the trends that Tom Kellock, Houston's head of consulting for IHS Petrodata…
Baker Hughes continues to invest heavily in R&D, having reorganized itself along ‘geo-market' lines over the last couple of years. During the recent SPE ATCE gathering in Denver, Russell McCulley caught up with the oilfield services giant's president of products & technology…
Born in Houston, raised in London, Gardiner Henderson is no stranger to travel. Which is just as well, since his latest job has him in almost perpetual motion criss-crossing the globe to build business and raise awareness of a company he sees…
Hunting has completed the acquisition of Specialty Supply for an initial cash consideration of $31 million. Located in Houston, Specialty manufactures precisionmachined MWD parts used in directional drilling markets worldwide.Lankhorst Mouldings and…
A growing belief that the ‘bow wave' of the long-awaited North Sea decommissioning market has now reached the industry was evident at last month's sell-out Offshore Decommissioning Conference† in Dunblane, Scotland. Meg Chesshyre reports.A plea…
FirmsGreatship Subsea Solutions and Gregg Marine formed an alliance to offer subsea geotechnical site investigation services globally. The venture plans to offer a DP2 geotechnical drillship with a seafloor drill capable of coring and sampling in 3000m water depth…
Responding to Professor Michael J Economides' recent condemnation of alternative energy efficiencies and economics (OE August), serial oil industry inventor Benton Baugh turns his attention to the renewables sector with this firmly tongue-in-cheek (‘but true…
After a trillion-plus dollar stimulus package that seems to have fizzled, after forays towards ‘bipartisanship’ which often meant agree with him or nothing, and after seeing his approval ratings drop like a rock, US president Barack Obama unveiled…
FirmsTechnip acquired Global Industries in a deal worth $1.07 billion and expected to close early 2012. Technip sees the merger increasing its market reach in the Gulf of Mexico, Asia- Pacific and Middle East regions. Global Industries currently has about 2300 employees and operates 14 vessels…
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